SINGAPORE STOCK MARKET NEWS | 2012-08-11

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   Headlines for ChannelNewsAsia, dated: 2012-08-14

Asian markets gain ahead of key Europe data
HONG KONG: Asian markets rose on Tuesday in quiet trade following a muted lead from Wall Street, while sentiment remained high on expectations of policy moves by central banks in Europe, China and the US.


   StanChart says expects to keep New York licence
NEW DELHI: Standard Chartered has said it does not believe it will lose its New York banking licence over charges it violated US sanctions against Iran but is preparing for "all possible outcomes".

France dodges recession with zero growth in Q2
PARIS: France's economy managed zero growth in the second quarter of 2012, data showed on Tuesday, beating expectations it would begin a slide into recession.

Australian court hears lawsuit over bank fees
SYDNEY: An Australian court began hearing what is said to be the country's largest class action case on Tuesday with tens of thousands of consumers fighting back against US$231 million in bank fees.

India July inflation falls unexpectedly to 6.87%
NEW DELHI: India's inflation slowed unexpectedly in July to 6.87 percent from a year earlier, data showed on Tuesday, giving the central bank more room to cut interest rates to spur a slowing economy.

Buenos Aires metro strike over after 10 days
BUENOS AIRES: Buenos Aires metro workers announced a temporary end to a strike that left one million commuters a day stranded without subways for 10 days.

Groupon stock slides despite quarterly profit
SAN FRANCISCO: Online shopping deals giant Groupon on Monday posted a sound quarterly profit but saw its stock tumble nearly 20 per cent due to a disappointing forecast for the months ahead.

India grants Myanmar US$500m loan to build part of trilateral highway
NEW DELHI: India, one of Asean's six partner countries, has granted a US$500-million loan to Myanmar, part of which will be used to finance construction of a 3,200-km trilateral highway linking India, Myanmar and Thailand, Indian ambassador to Bangkok, Anil Wadhwa said.